Latest Eastern Goldfields News

GoldArc Resources has cleared the last regulatory hurdle for its Mt Stirling gold project, enabling development to proceed under a 50/50 profit-share partnership with BML Ventures.

BPM Minerals has kicked off a record 20,000m reverse circulation drilling campaign at its Forelands Gold Project in Western Australia, targeting a maiden JORC-compliant resource at Beachcomber and preparing for maiden drilling at Bonnie & Clyde.

Lefroy Exploration’s latest drilling at Mt Martin has unearthed multiple high-grade gold intersections outside the current resource, underscoring significant expansion potential ahead of a September scoping study.

Carnavale Resources has reported exceptional metallurgical results for its Kookynie Gold Project, with gold recoveries between 98% and 99% across all ore types, underpinning the project's economic viability and toll treatment prospects.

Nexus Minerals has completed nearly 22,000m of RC drilling at Wallbrook, delivering strong gold intercepts and setting up an updated resource estimate by September. The company also moved to acquire Northern Star's remaining 10% stake in the Pinnacles JV, consolidating full ownership.

Everest Metals is set to begin toll processing at its Mt Dimer Gold Project in September 2026, backed by strong mining progress and promising high-grade drill results.

Pacific Resources (ASX: PXR) has secured 100% ownership of the Snowstorm Gold Project, a high-grade asset in Victoria’s Eastern Goldfields, while progressing due diligence on a strategic Victorian portfolio and reporting encouraging assay results from its Tasmanian projects.

Corazon Mining has transformed its Western Australian gold portfolio by securing the Chalice Gold Project for A$25.7 million, backed by a $16.5 million capital raise and Westgold's strategic 19.9% stake. Early drilling success at Two Pools and new targets at Feather Cap set the stage for an active exploration push.

Forrestania Resources has raised $310 million and agreed to acquire the Edna May Gold Project for $300 million, aiming to establish a second production hub and accelerate its growth into a mid-tier Australian gold producer.

First Au Limited has significantly boosted its Western Australian gold portfolio with the acquisition of the Riverina East Gold Project and an upgraded resource classification at its Gimlet Gold Project, positioning itself for potential near-term development.

Javelin Minerals is set to drill two major gold-copper targets at its Coogee Gold Project in WA, leveraging WA Government funding to test large, previously untested magnetic anomalies that may host significant mineralisation.

Arika Resources has locked in $6.55 million through a placement led by Lion Selection Group, which will hold a 6.7% stake, to fund a major drilling campaign at its Yundamindra and Kookynie gold projects in Western Australia.